Prime Development & Investment Opportunity! This exceptional property offers a rare chance to develop a 20-unit, 3-storey apartment building, with a development permit and plans to be provided—perfect for investors and developers looking for their next big project! Currently, the well-maintained lot features six spacious suites—five 1-bedroom units and one 2-bedroom unit—generating immediate rental income. Ideally situated just one block from the LRT and Royal Alexandra Hospital, it ensures unbeatable convenience. Plus, with walking access to Grant MacEwan University, Rogers Place, and the lively Ice District, this location is primed for strong tenant demand and future growth!
Property Type:
Multi-Family Commercial
Transaction Type:
For Sale
Lease Oper Costs Per Sq M:
$0
Price Per SqFt:
$160
Lot Area:
7,510 sq. ft.698 m2
Stories Total:
2
# of 2 Bedroom Apartments:
1
# of Units:
6
# of Other Units:
0
# of Studio Apartments:
0
# of Bachelor Apartments:
0
Year built:
1961
(Age: 64)
Bathrooms:
-
(Full:-/Half:-)
Building Type:
Freestanding, Multi Tenant/Multi Plex, See Private Remarks
Num. of Parcels:
1
Construction:
Wood Frame
Parking Space(s):
6
Water Supply:
Municipal, See Remarks
Sewer Septic:
Municipal/Community, See Remarks
Central Mcdougall
Private
Seller Rights Reserved:
No
Zone:
Zone 08
Zoning:
Zone 08
Title to Land:
Fee Simple
Legal Lot:
229
Services Connected:
Electricity at Lot Line, Natural Gas, Sidewalk, City Water
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.